Posts Tagged ‘clean energy’

Obama And Liberal Democrat Ally General Electric Paid NO Taxes Last Year And In Fact Was GIVEN Money By Government

March 28, 2011

Before we get to our main story, let’s do a little recent historical review.

First of all, G.E.has been a key Obama ally, and GE CEO Jeffrey Immelt is basically even working for Obama:

Obama Names GE CEO Immelt As Economic Adviser
January 21, 2011

President Obama wants to cast some light on economic success stories in the shadows of a slow recovery. And he is looking to find some more.

On Friday, the president travels to Schenectady, N.Y., birthplace of the General Electric Co., to showcase a new GE deal with India and announce a restructured presidential advisory board to focus on increasing employment and competitiveness.

Obama is naming GE CEO Jeffrey Immelt as the head of a Council on Jobs and Competitiveness. The panel replaces Obama’s Economic Recovery Advisory Board, which had been chaired by former Federal Reserve Chairman Paul Volcker. Obama announced late Thursday that Volcker, as expected, was ending his tenure on the panel.

Then there’s the fact that G.E. has been a MASSIVE beneficiary of the Obama- and Democrat-imposed radical so-called “green” agenda:

Undisclosed NBC Conflict of Interest Again Arises in Annual ‘Green Week’
By Lachlan Markay | November 16, 2010 | 16:47

On Sunday, NBC Universal launched its annual “Green Week,” as part of the company’s “Green is Universal” environmental awareness campaign.

As NBC embarks on yet another week of “environmentally themed programming,” it falls to media watchdogs to point out the massive conflict presented by NBC parent company General Electric’s significant financial interests in the policies “Green Week” indirectly advances.

GE stands to make millions from Democrats’ “clean energy” agenda. The company has invested massive amounts of money in technology that can only be profitable through government intervention or subsidization.

Put these two facts together and what do you get?

Now consider this, stupid, depraved fools (i.e., anyone who calls themselves a “Democrat” and says that evil corporate greed comes from Republicans:

G.E.’s Strategies Let It Avoid Taxes Altogether
By DAVID KOCIENIEWSKI
Published: March 24, 2011

General Electric, the nation’s largest corporation, had a very good year in 2010.

The company reported worldwide profits of $14.2 billion, and said $5.1 billion of the total came from its operations in the United States.

Its American tax bill? None. In fact, G.E. claimed a tax benefit of $3.2 billion.

That may be hard to fathom for the millions of American business owners and households now preparing their own returns, but low taxes are nothing new for G.E. The company has been cutting the percentage of its American profits paid to the Internal Revenue Service for years, resulting in a far lower rate than at most multinational companies.

Its extraordinary success is based on an aggressive strategy that mixes fierce lobbying for tax breaks and innovative accounting that enables it to concentrate its profits offshore. G.E.’s giant tax department, led by a bow-tied former Treasury official named John Samuels, is often referred to as the world’s best tax law firm. Indeed, the company’s slogan “Imagination at Work” fits this department well. The team includes former officials not just from the Treasury, but also from the I.R.S. and virtually all the tax-writing committees in Congress.

While General Electric is one of the most skilled at reducing its tax burden, many other companies have become better at this as well. Although the top corporate tax rate in the United States is 35 percent, one of the highest in the world, companies have been increasingly using a maze of shelters, tax credits and subsidies to pay far less.

In a regulatory filing just a week before the Japanese disaster put a spotlight on the company’s nuclear reactor business, G.E. reported that its tax burden was 7.4 percent of its American profits, about a third of the average reported by other American multinationals. Even those figures are overstated, because they include taxes that will be paid only if the company brings its overseas profits back to the United States. With those profits still offshore, G.E. is effectively getting money back.

So we’ve got a giant mega-corporation whose top leadership is clearly in the pocket of the Democrat Party and which has clearly benefitted from the Democrat Party agenda.

And lo and behond, it turns out that not only do these piles of quivering un-American slime at GE not pay taxes, but Obama actually has the naked chutzpah to reach into the American people’s pocket and say, “We owe you this, Mr. Immelt.”

Now, this would be loathsome and indefensible enough it GE was a rightwing corporation.  But understand that Democrats are continually demonizing Republicans as being “the party of corporate greed” when in fact THEY are the real winners at the corporate greed game.

Democrats calling Republicans “corporate shills” is like Yassar Arafat calling Ronald Reagan “anti-Jew”; the label only works if you are an idiot on every level imaginable.

Want more?  Feed on this:

Here’s one among thousands of examples: Incandescent light bulbs are far more convenient and less expensive than compact fluorescent bulbs (CFL) that General Electric now produces. So how can General Electric sell its costly CFLs? They know that Congress has the power to outlaw incandescent light bulbs. General Electric was the prominent lobbyist for outlawing incandescent light bulbs and in 2008 had a $20 million lobbying budget. Also, it should come as no surprise that General Electric is a contributor to global warmers who help convince Congress that incandescent bulbs were destroying the planet.

The greater Congress’ ability to grant favors and take one American’s earnings to give to another American, the greater the value of influencing congressional decision-making. There’s no better influence than money. The generic favor sought is to get Congress, under one ruse or another, to grant a privilege or right to one group of Americans that will be denied another group of Americans.

And guess what?  As soon as Democrats took over Congress that’s exactly what they did: they criminalized incandescent light bulbs and made GE’s mercury-laden CFL bulbs the “Big Brother” alternative.

GE gave $20 million to Democrats.  But don’t worry, Democrats took money right out of your and your children and grandchildren’s pockets to pay back their corporate pals with their usual array of shennanigans.

And the only thing that is more despicable than that is that all the while they’re doing all this, Democrats are constantly demonizing Republicans.

Hypocrisy is the quintessential defining essense of liberalism.  Pure and simple.

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If You Support Obama, Please Quit Driving, Traveling, Or Using Most Household Products

June 4, 2010

Barack Obama took more money from British Petroleum than any politician over a twenty year period.  In spite of the fact that he had only been in national politics for less than three years.  Barack Obama’s administration approved the project and granted the permit for the doomed BP drilling site.  Barack Obama’s administration helped quash environmental problems and issued an environmental waiver to BP at said doomed site only days before the disaster.  Barack Obama failed to take the disaster seriously and delayed serious action for weeks, fiddling with fundraisers, golf outings, and vacations while the Gulf went to hell.  The Obama administration has continued to delay and waste time pursuing the dotting of the i’s and the crossing of the t’s regarding mindless bureaucratic inanities.

Obama is rather like Oliver Hardy blaming British Petroleum like it was Stan Laurel: “Well, that’s another fine mess you’ve gotten me into!”  But the fact is that Obama was up to his eyeballs in this mess from the inception.

One example of the time-wasting bureaucratic idiocy that is so characteristic of shockingly poor leadership was the sand berms that Louisiana Governor Bobby Jindal demanded.  Jindal spent weeks urging the federal government to construct sand berms that would protect the coastland and the vital marshes from oil seepage, but ran into one federal government delay after another.  He wanted some two dozen temporary berms, but the federal government dithered and then dithered some more.  Eventually the feds said they would allow six such berms.  And would only pay for one.  And that they wouldn’t allow any construction until after an environmental impact study.  While lethal oil began to contaminate the coastlands and marshes.

“It is clear the resources needed to protect our coast are still not here,” Gov. Jindal said.  “Oil sits and waits for cleanup, and every day that it waits for cleanup more of our marsh dies.”

44 days after the disaster, Obama graciously allowed Louisiana to construct six berms.  You know, the-build-a-barn-after-the-horses-left thing.

Jon Stewart absolutely skewered Obama’s incompetence by playing videos in which Obama vows “not to rest” until he solves the BP disaster, intermixed with video footage of all the useless garbage he’s been up to.

Jon Stewart link 1

Jon Stewart link 2

And then there’s the “never let a good crisis go to waste” thing.  Obama has handled this crisis more as a political problem than a national disaster from the outset.  And in Barack Obama’s brand of politics, you demagogue and you pander to leftist special interests.  And thus:

Obama: US must end its dependence on fossil fuels
3:16 PM on 06/02/2010
JULIE PACE, Associated Press

PITTSBURGH (AP) — Seizing on a disastrous oil spill to advance a cause, President Barack Obama on Wednesday called on Congress to roll back billions of dollars in tax breaks for oil and pass a clean-energy bill that he says would help the nation end its dependence on fossil fuels.

Obama predicted that he would find the political support for legislation that would dramatically alter the way Americans fuel their homes and cars, including placing a price on carbon pollution, even though such legislation is politically divisive and remains bogged in the Senate.

“The votes may not be there right now, but I intend to find them in the coming months,” Obama told an audience at Carnegie Mellon University. “I will continue to make the case for a clean energy future wherever and whenever I can, and I will work with anyone to get this done. And we will get it done.”

Obama said the country’s continuing dependence on fossil fuels “will jeopardize our national security, it will smother our planet and will continue to put our economy and our environment at risk.” […]

“The time has come, once and for all, for this nation to fully embrace a clean energy future,” the president said. […]

Obama also used the speech to lash out at Republicans with partisan rhetoric, saying they have mostly “sat on the sidelines and shouted from the bleachers” as he’s tried to restore the economy.

And thus Obama, who couldn’t be more responsible for this disaster without being the guy who blew up the platform, resorts to his constant stream of demagogic bullcrap.  It’s those Republicans who are responsible, you know: “The fact that I took all that BP campaign money, and then paid BP back by securing environmental waivers, and then paid BP back some more by letting BP broadcast the message that everything was under control and it was just a minor technical problem, nothing to worry about, is beside the point.  Republicans are evil, and they are to blame for everything.”

Mind you, Obama doesn’t have anything even close to a consistent energy position; to have that, he’d have to be an actual leader rather than a mere politically opportunistic demagogue.  Thus only a couple of months ago Obama was the one who ENDED the ban on offshore drilling (hint: not Bush):

From NPR, March 31, 2010:

President Obama announced the end of a decades-old ban on oil and gas drilling along much of the U.S. Atlantic coast and northern Alaska on Wednesday, as part of an effort to reduce foreign imports and win support for an energy and climate bill.

Then we had the Gulf of Mexico disaster, and suddenly “the end of a decades-old ban” suddenly became a brand new ban.  And the politician who accepted more BP-bribe money than anybody is suddenly shooting out demagoguery onto the airwaves the way that damn hole keeps shooting out oil into the ocean.

It’s not like Obama is an actual leader who needs a consistent policy; rather, he’s a pandering constantly-in-campaign-mode weasel who will say or do anything to gain a momentary political advantage.

And, of course, Obama also demonized oil companies.  Not just British Petroleum, the one actually responsible for paying Obama all those campaign contributions and creating the disaster, but ALL oil companies.  Because oil is as evil as Republicans.  And Democrats want to stop oil at all costs.

Forget the fact that this disaster was caused by Democrats who kept pushing oil companies further and further away from shore, into more and more and more dangerous conditions, until a disaster was inevitable.  Every single Democrat who has helped stopped oil drilling on the coastal shelf or – better yet, on our land – is partly to blame for this disaster.

Unless you don’t think we need oil.

But if you don’t think we need oil, the stop the hell using it.

Let me just put it this way: if you support Barack Obama, quit traveling.  Do not drive your car, do not take the bus, do not fly, do not get on a boat.  Because it’s finally time that you were consistent: ending oil means no oil.  So don’t use it.

Go to this site and make sure you don’t use any of the household products that contain oil, too.

My advice to you Democrats is just to move out of your house with all those evil oil products and live in a hole.  Don’t use a shovel to dig your hole – because it was made using oil – just scratch at the dirt with your fingernails.

Turn off your computer, too.  Because it’s got oil products, too.

And just climb in that damn hole and stay there.

Heck, maybe we could plug the hole in the Gulf with Democrats and have the best of all possible worlds.

Nancy Pelosi In Bed With Government-Subsidized Eco-Boondoggle

August 13, 2008

Nancy Pelosi and demagoguing Democrats routinely demonize Republicans as being “in bed with big oil.” As recently as Aug 3, Pelosi was labeling Republicans as “handmaidens of the oil companies.”

The very worst thing you can do to liberals is to apply their own standards back to them. Because that’s when everyone gets to see what hypocrites these people truly are.

Nancy Pelosi turns out to be the “house madam of the government-subsidized eco-boondoggle.”

An investigation of her 2007 Schedule 3 Tax Filing reveals that Pelosi – who is in a unique position to drive legislation – has invested a couple hundred grand in an outfit that stands to benefit to the tune of $10 billion in government subsidies. Her investment has already increased 300% on the speculation.

As Michelle Malkin broadcasted:

dontgo reports that according to disclosure statements, “in May 2007 she invested in T. Boone Picken’s clean energy fuels corp., CLNE, which is the sole sponsor of a proposal in California to funnel $5 billion in state funds and $5 billion in Federal funs to this corporation which will indirectly help them create a giant wind farm in the Texas panhandle.”

How’s that for “being in bed” with special interests?

This hasn’t made it into mainstream news coverage yet, because, as usual with stories that harm Democrats, the media is dragging its feet. They’ll grudgingly and unfairly cover it when enough bloggers stir up the stink enough so that they have no choice but to cover it.

These liberal hypocrites decry profit as an evil word, and routinely demonize anyone who invests in oil. But who the hell are they to talk? There isn’t an industry on the planet that is as heavily subsidized as “green energy.” It’s green because it sucks up so much special interest pork money. (It doesn’t produce a whole lot of energy, but it sure sucks up a lot of money).

As usual, Democrats would probably be ashamed about the log in their eye if they weren’t so busy pointing out the speck in the eyes of Republicans.

Some other links to this story:

BrownPelican

DontGoMovement

MichelleMalkin

There oughta be a law against politicians being allowed to profit from any project that comes up in any legislation. But since there never will be, we can expect Nancy Pelosi and her ilk to keep drinking deeply out of the pig trough of government money.

When stock brokers and investors benefit from their inner knowledge of pending developments to personally profit, it’s called “insider trading” and they go to jail.  When Nancy Pelosi does the same exact thing?  Apparently it’s called “a commonsense plan.”